QUESTION 15 CLO-SJA U.S. company, Expo Inc. exports products to a German firm and will receive payment of 200,000 in three months. On June 1, the spot rate of the euro was $1.12, and the 3-month forward rate was $1.11. On June 1, Expo negotiated a forward contract with a bank to sell 200,000 forward in three months. The spot rate of the curo on September 1 is $1.15. Expo will receive 5 for the curos O a. 230,000 Ob. 220,000 OC. 224,000 O d. 222,000